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Dec 9, 2013 2:30pm PST
's reigning currency? in a global marketplace, our economy depends on the international value of the dollar. it affects how much we pay for foreign goods and how well our exports sell overseas. "exchange rates: what in the world is a dollar worth?" with the help of economics analyst richard gill, we'll examine that question on this edition of "economics u$a." i'm david schoumacher. it is only in recent years that exchange rates could vary from day to day. for generations, exchange rates were fixed and currencies freely convertible to gold. to cast aside the predictability of the fixed exchange rate system was considered more than unusual -- it was nearly unthinkable. why then, in 1933, would the united states do the unthinkable? why would it abandon the stability of the gold standard? before the great war, the gold standard symbolized stability and prosperity, and the british pound was considered "as good as gold." but in 1925, parliament set the exchange rate of the pound for gold beyond its real value. as a result, british goods became more expensive -- exports declined, factory workers w
Dec 2, 2013 2:30pm PST
on the clinch river. began with the construction the tva plan was ambitious. the regional economies could be improved if the waters were made navigible. the tva constructed housing, began a malaria control project, worked on agricultural development, and provided electrical power to this depressed region. some thought the government was going too far. along with the utilities, others who feared economic loss joined in the opposition. coal miners feared hydroelectric power would reduce the demand for coal. the coal operato of wesvirginia came to washington, d.c. they were very angry at me because i was an open supporter of the legislation to create the tennessee valley authority. they said this will rob us of hundreds and thousands of jobs if these rivers are turned into productive areas for the power systems that will not stop in the tennessee valley authority but will go into other regions of the united states. they saw it as something to oppose, and they did so vigorously. the tva argued that flood control was its primary goal. the opposition argued that the government had no right bein
Search Results 0 to 1 of about 2